Goldman raises target for Nordea stock to EUR 18.25

Published on 10/02/2026 at 15:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordea delivered 15.9 percent return on equity in the second quarter of 2026. Nordea stock costs EUR 17.01 on October 2, 2026 after EUR 17.01.

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Nordea stock (ISIN FI4000297767) was trading at EUR 17.01 at Lang & Schwarz on October 2, 2026 at 3:36 p.m. CEST, unchanged versus the prior close of EUR 17.01. On October 1, 2026, IT Boltwise reported that Goldman Sachs raised its Nordea target from EUR 18.00 to EUR 18.25 while keeping a Neutral rating.

Second-quarter profitability stays high

Nordea reported a 15.9 percent return on equity for the second quarter of 2026, according to its investor relations update dated July 16, 2026. Total income increased 4 percent year over year in the same quarter, giving the bank a quantified operating comparison ahead of its next report.

The same update listed EUR 1.608 billion in operating profit for the second quarter of 2026 and total assets of EUR 712 billion. Assets under management reached EUR 505 billion, while the CET1 ratio stood at 15.7 percent, or 1.9 percentage points above regulatory requirements.

Target premium meets execution risk

At EUR 18.25, the Goldman Sachs target lies 7.29 percent above the Lang & Schwarz price. The calculation keeps both values in euros, while the unchanged Neutral rating signals that the target increase does not remove the reservations described in the October 1, 2026 report.

IT Boltwise said competition remains a profitability risk and that higher short-term rates can increase costs. Goldman Sachs also reduced its 2026 earnings forecast while lifting expectations for later years by up to 3 percent, making the third-quarter figures the next test of that balance.

October results set the next marker

Nordea will publish its third-quarter 2026 results on October 15, 2026, with the report scheduled for 6:30 a.m. CET, according to the company announcement dated October 1, 2026. The date puts operating profit, return on equity and cost pressure at the center of the next measurable update.

Price holds at the prior close

Nordea was trading at EUR 17.01 at Lang & Schwarz on October 2, 2026 at 3:36 p.m. CEST, unchanged at 0.00 percent versus the Lang & Schwarz prior close of EUR 17.01 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Nordea stock.